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Friday, 06 July 18
AUSTRALIAN NEWCASTLE SPOT COAL PRICES HIT $120 FOR 1ST TIME SINCE 2012 - REUTERS
 Australian thermal coal prices have broken through $120 per tonne for the first time since 2012, driven up by strong consumption in Asia and spot market buying by Japanese utilities to meet demand through the rest of 2018.
Thermal coal cargoes for prompt export from Australia’s Newcastle port last settled at $120.10 per tonne. That’s the highest close since November 2012 and up by 140 percent from record contract lows in late 2015/early 2016.
The price surge has been driven by strong demand from China to feed healthy power demand and industrial growth, despite a drive to shift industry and millions of households from coal to cleaner natural gas.
Restocking to provide cooling over the hottest summer months has added to demand, along with constraints on supply due to earlier mine closures and high hurdles to developing new mines amid concerns about pollution and global warming.
Indonesia has been the biggest beneficiary of China’s strong demand, but Australian miners have also benefited.
“Indonesian shipments to China saw the most gains, estimated to reach 61.8 million tonnes or approximately 49 percent of Chinese imports in the first 6 months of 2018, up from 46.3 million during the same period in 2017,” ship brokerage Banchero Costa said in a note to clients.
“Imports from Australia were estimated at 42.84 million tonnes or 34 percent of China’s imports in 1H 2018, marginally higher compared to the 42.62 million tonnes shipped during the same period in 2017,” it added.
Demand has also been supported by Japanese utilities, which buy about 40 percent of Australia’s thermal coal exports.
Traditionally, Japanese utilities receive most of their coal under long-term deals which they negotiate with suppliers.
However, talks between Japanese utility Tohoku Electric Power and Glencore, the world’s biggest supplier of seaborne thermal coal, were recently abandoned after they failed to reach an agreement.
Traders said this forced Tohoku into the spot market to cover anticipated demand for the rest of the year.
“Once it became clear there would be no agreement, Tohoku went into the spot market to order supplies from Australia,” said one trader with a major merchant, who declined to be named as he was not authorised to speak to media about commercial matters.
“Other utilities, which in the past have used the Tohoku/Glencore deal as a price benchmark, also rushed into the spot market to order coal,” he added.
Tohoku was not immediately available for comment.
Source: Reuters
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Monday, 07 May 18
SOUTH KOREA STATE-OWNED UTILITY KOREA MIDLAND POWER ISSUED A TENDER FOR 1 MILLION TONS OF BITUMINOUS COAL
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a tender for 520,000 mt of min. 5700 NAR coal of Australian origi ...
Monday, 07 May 18
GLOBAL COAL DEMAND ROSE ABOUT 1% IN 2017; ASIA ACCOUNTED FOR THE LARGEST INCREASE IN COAL DEMAND, UP 35 MTOE RELATIVE TO 2016 - IEA
Global coal demand rose about 1% in 2017, reversing the declining trend seen over the last two years. This growth was mainly due to demand in Asia, ...
Friday, 04 May 18
ELECTRICITY GENERATION FROM RENEWABLES WAS SECOND ONLY TO COAL IN 2017 - IEA
World electricity demand increased by 3.1 %, significantly higher than the overall increase in energy demand. Together, China and India accounted f ...
Thursday, 03 May 18
SUPRAMAX: INDO - CHINA COAL ROUNDS ARE PAYING IN THE LOW-MID $12000 BSS SINGAPORE DELIVERY - FEARNLEYS
Supramax
As expected a slow and uneventful start to the week with holidays in many countries, however by mid-week some fresh requirements and pos ...
Tuesday, 01 May 18
SUPRAMAX: COAL RUNS, A 61,000-DWT WAS FIXED BASIS DELIVERY SURABAYA, FOR A TRIP VIA INDONESIA, RE-DELIVERY INDIA AT $15,000 - BALTIC BRIEFING
Capesize
Rates eased in the East, as the week closed out with the momentum slowing. Levels on the key West Australia/China run dropped to $7.25 ...
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Showing 1726 to 1730 news of total 6871 |
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Port Waratah Coal Services - Australia
- Makarim & Taira - Indonesia
- London Commodity Brokers - England
- Altura Mining Limited, Indonesia
- Binh Thuan Hamico - Vietnam
- Australian Coal Association
- CNBM International Corporation - China
- Standard Chartered Bank - UAE
- Sarangani Energy Corporation, Philippines
- Tamil Nadu electricity Board
- Aboitiz Power Corporation - Philippines
- Coastal Gujarat Power Limited - India
- IHS Mccloskey Coal Group - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bangladesh Power Developement Board
- Bukit Baiduri Energy - Indonesia
- ASAPP Information Group - India
- Directorate General of MIneral and Coal - Indonesia
- Antam Resourcindo - Indonesia
- Romanian Commodities Exchange
- Gujarat Mineral Development Corp Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Commodity Traders Exchange
- MS Steel International - UAE
- Indonesian Coal Mining Association
- Uttam Galva Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Planning Commission, India
- Bhushan Steel Limited - India
- Trasteel International SA, Italy
- Simpson Spence & Young - Indonesia
- Essar Steel Hazira Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Singapore Mercantile Exchange
- Maharashtra Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Global Business Power Corporation, Philippines
- Indogreen Group - Indonesia
- Posco Energy - South Korea
- New Zealand Coal & Carbon
- SMG Consultants - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Holcim Trading Pte Ltd - Singapore
- Wilmar Investment Holdings
- Ambuja Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Globalindo Alam Lestari - Indonesia
- The Treasury - Australian Government
- Medco Energi Mining Internasional
- Goldman Sachs - Singapore
- Semirara Mining and Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Orica Australia Pty. Ltd.
- Pendopo Energi Batubara - Indonesia
- Rio Tinto Coal - Australia
- GMR Energy Limited - India
- Economic Council, Georgia
- Krishnapatnam Port Company Ltd. - India
- Parliament of New Zealand
- Alfred C Toepfer International GmbH - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- OPG Power Generation Pvt Ltd - India
- Independent Power Producers Association of India
- Gujarat Sidhee Cement - India
- Bhatia International Limited - India
- Tata Chemicals Ltd - India
- Banpu Public Company Limited - Thailand
- Madhucon Powers Ltd - India
- ICICI Bank Limited - India
- Directorate Of Revenue Intelligence - India
- Kaltim Prima Coal - Indonesia
- IEA Clean Coal Centre - UK
- Bharathi Cement Corporation - India
- Cement Manufacturers Association - India
- Barasentosa Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Agrawal Coal Company - India
- South Luzon Thermal Energy Corporation
- Ministry of Mines - Canada
- Semirara Mining Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Timah Investasi Mineral - Indoneisa
- Electricity Authority, New Zealand
- Ministry of Transport, Egypt
- PNOC Exploration Corporation - Philippines
- McConnell Dowell - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- Toyota Tsusho Corporation, Japan
- SMC Global Power, Philippines
- Thiess Contractors Indonesia
- International Coal Ventures Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Minerals Council of Australia
- Indian Oil Corporation Limited
- Maheswari Brothers Coal Limited - India
- Central Electricity Authority - India
- Indian Energy Exchange, India
- Mjunction Services Limited - India
- India Bulls Power Limited - India
- PTC India Limited - India
- Georgia Ports Authority, United States
- Salva Resources Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Malabar Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sojitz Corporation - Japan
- Kobexindo Tractors - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Deloitte Consulting - India
- Meenaskhi Energy Private Limited - India
- Coal and Oil Company - UAE
- Larsen & Toubro Limited - India
- Indika Energy - Indonesia
- Sical Logistics Limited - India
- Kapuas Tunggal Persada - Indonesia
- Wood Mackenzie - Singapore
- CIMB Investment Bank - Malaysia
- TeaM Sual Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Central Java Power - Indonesia
- Lanco Infratech Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Baramulti Group, Indonesia
- White Energy Company Limited
- Videocon Industries ltd - India
- Sakthi Sugars Limited - India
- Eastern Energy - Thailand
- Rashtriya Ispat Nigam Limited - India
- The State Trading Corporation of India Ltd
- Siam City Cement PLC, Thailand
- Bhoruka Overseas - Indonesia
- Merrill Lynch Commodities Europe
- VISA Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Metalloyd Limited - United Kingdom
- Commonwealth Bank - Australia
- Energy Link Ltd, New Zealand
- Kumho Petrochemical, South Korea
- The University of Queensland
- Karaikal Port Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Edison Trading Spa - Italy
- Energy Development Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Xindia Steels Limited - India
- Star Paper Mills Limited - India
- Meralco Power Generation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Orica Mining Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Savvy Resources Ltd - HongKong
- Grasim Industreis Ltd - India
- San Jose City I Power Corp, Philippines
- Parry Sugars Refinery, India
- Kalimantan Lumbung Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Coalindo Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- AsiaOL BioFuels Corp., Philippines
- Oldendorff Carriers - Singapore
- Global Green Power PLC Corporation, Philippines
- Vedanta Resources Plc - India
- Marubeni Corporation - India
- Eastern Coal Council - USA
- Kepco SPC Power Corporation, Philippines
- Heidelberg Cement - Germany
- Renaissance Capital - South Africa
- Mintek Dendrill Indonesia
- Carbofer General Trading SA - India
- Therma Luzon, Inc, Philippines
- Electricity Generating Authority of Thailand
- GN Power Mariveles Coal Plant, Philippines
- Dalmia Cement Bharat India
- Sree Jayajothi Cements Limited - India
- Bukit Makmur.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Mercuria Energy - Indonesia
- Siam City Cement - Thailand
- Anglo American - United Kingdom
- Formosa Plastics Group - Taiwan
- Chamber of Mines of South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Finance - Indonesia
- Petron Corporation, Philippines
- Latin American Coal - Colombia
- Mercator Lines Limited - India
- PetroVietnam Power Coal Import and Supply Company
- European Bulk Services B.V. - Netherlands
- Borneo Indobara - Indonesia
- Thai Mozambique Logistica
- Indo Tambangraya Megah - Indonesia
- Ind-Barath Power Infra Limited - India
- Power Finance Corporation Ltd., India
- Kideco Jaya Agung - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- LBH Netherlands Bv - Netherlands
- Aditya Birla Group - India
- Interocean Group of Companies - India
- Samtan Co., Ltd - South Korea
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